In the News

New York / Minimum-wage hike would kill 22,000 jobs over the next decade finds The National Federation of Independent Business

A proposal to hike the state’s minimum wage would kill 22,000 jobs over the next decade and cut economic output by $2.5 billion, New York’s small- business lobby claimed in a study released yesterday.

The National Federation of Independent Business report estimates that seven of every 10 job losses would occur in small businesses, which would find “ways to reduce or limit the number of jobs they create,” NFIB state director Mike Durant said.

The proposal by Assembly Speaker Sheldon Silver (D-Manhattan) to increase New York’s minimum wage from $7.25 an hour to $8.50 with annual indexing for inflation got a boost yesterday as a new bipartisan ruling state Senate coalition signaled it would take up a hike.

Durant said inflation could drive up the cost of hiring an entry-level worker by as much as two thirds by 2022.

Choosen excerpts by Job Market Monitor from

 'Study says minimum-wage hike would be a job killer in New York state - NYPOST_com' - www_nypost_com_p_news_local_ny_minimum_wage_hike_would_kill_gGrFwdpo4UkLsH5AVGuvIO

via Study says minimum-wage hike would be a job killer in New York state – NYPOST.com.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

Jobs – Offres d’emploi – US & Canada (Eng. & Fr.)

The Most Popular Job Search Tools

Even More Objectives Statements to customize

Cover Letters – Tools, Tips and Free Cover Letter Templates for Microsoft Office

Follow Job Market Monitor on WordPress.com

Enter your email address to follow this blog and receive notifications of new posts by email.

Follow Job Market Monitor via Twitter

Categories

Archives

%d bloggers like this: